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U.S. consumers apparently held onto and used their smart phones and tablets even more than one might suspect given the increase in mobile-commerce transactions during the fourth quarter of 2015, reports Criteo, a New York City-based online marketing specialist. In its “State of Mobile Commerce Report,” released Wednesday, Criteo said …
Read More »Look for Dominance by Smart Phones in Mobile Commerce Very Soon, Report Says
The onset of 2017 will usher in the year of the smart phone in e-commerce, according to a projection released Tuesday by eMarketer Inc. The New York City-based researcher says that next year, for the first time, more than half of all so-called digital buyers—51.2%—will make at least one purchase …
Read More »Can PAR Keep Tokens Out of the Payments Sand Trap?
A new data element is getting a lot of discussion in merchant-acquiring and mobile-payments circles. It’s the so-called Payment Account Reference, or PAR, and it’s meant to associate all the payment tokens linked to a single credit or debit card primary account number, or PAN. But implementing PAR could be …
Read More »A Venmo In-App Service And a First Data Deal Help Expand PayPal’s Merchant Reach
On Wednesday, PayPal Holdings Inc. made it clear it hasn’t given up on expanding its reach with merchants beyond processing e-commerce payments. The company announced a new in-app payments initiative for its popular Venmo peer-to-peer payments app, a move that follows a recent agreement with First Data Corp. that furthers …
Read More »For the First Time, Smart Phones Beat Tablets for Share of Online Transactions, Adyen Says
For e-commerce merchants, the screen is getting smaller very quickly, according to the latest quarterly report from payments company Adyen. Some 17.5% of all e-commerce transactions on Adyen’s platform in the fourth quarter were made with a smart phone, compared to 16% with a tablet, the Netherlands-based company said late …
Read More »Starbucks Gets a Jolt From Its Fast-Growing Mobile Offerings
Starbucks Corp. keeps adding digital caffeine to its mobile-payments and loyalty offerings built around a prepaid card. The Seattle-based coffee king on Thursday reported that 21% of its U.S. transactions were paid on the Starbucks mobile app in the quarter ended Dec. 27, up from 20% in the previous quarter …
Read More »Consumers Quickly Embracing Mobile Apps for Purchases and Banking, Verizon Study Finds
While consumer acceptance of mobile wallets has been painfully slow for wallet developers such as Apple Inc., new survey results from the nation’s largest mobile carrier show consumers are quite willing to use mobile apps in some form to buy things. Some 23% of smart-phone owners last year used an …
Read More »First Data Unveils Clover Go, an EMV-Capable Card Reader for Smart Phones, Tablets
First Data Corp. on Friday said it is joining the market for card readers that plug into mobile phones. Its latest entry in its Clover line of point-of-sale technology is Clover Go, a credit and debit card reader that connects to smart phones and tablets via the mobile device’s headphone …
Read More »Eye on In-Store Commerce: Adyen Comes to the POS; Diebold Eyes Mobile Checkout
E-commerce processor Adyen Inc. announced on Thursday it is now offering payments capability for physical stores in the United States, a move that follows the company’s success in providing a payments gateway for a number of prominent digital clients, including Facebook, Uber, Airbnb, and Netflix. Also on Thursday, ATM maker …
Read More »Sweden’s Klarna Racks up Some Big Gains in the Early Going of Its U.S. Debut
Sweden’s online-payments firm Klarna started operations in the United States only four months ago, but already it is making itself felt in the highly competitive business of serving U.S. e-commerce merchants. Nearly 20 retailers have signed up for the company’s streamlined checkout service, including big sellers Overstock.com and Shoes.com. That’s …
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